Judge Slaps Down HP's 3rd Try At Autonomy Settlement

Law360, San Diego (December 19, 2014, 10:19 PM EST) -- A California federal judge on Friday rejected Hewlett Packard Co. shareholders’ third attempt at a settlement in their derivative suit over HP's disastrous $11.1 billion Autonomy Corp. acquisition, ruling the deal’s potential release of claims was still far too broad. 

U.S. District Judge Charles R. Breyer had critiqued a version of the settlement during a September hearing, noting that a detailed, 49-part list of examples appeared to bar any potential future claims against HP's top management. The latest version removed the list, but said the deal would prevent suits over all allegations in the complaint.

But the complaint references a history...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!